Amerada Hess Announces Natural Gas Well Onshore Thailand
Amerada Hess (Thailand) Limited, a wholly owned subsidiary of Amerada Hess Corporation
(NYSE: AHC), confirmed today that the Phu Horm-3 appraisal well on Block E5N in
northeastern Thailand had encountered natural gas. An extended well test has begun.
Following test results, further appraisal drilling may be required to determine
Amerada Hess (Thailand) Limited and APICO LLC, a U.S. based oil and gas company,
each have a 40% interest in Block E5N (assuming completion of a farm-in by APICO)
and PTT Exploration and Production Public Company Limted, the national petroleum
exploration and production company of Thailand, has a 20% interest.